Prudential upgrades Check Point, NetScreen

NEW YORK (CBS.MW) -- Analyst Michael Turits at Prudential raised his rating on Check Point Software
CHKP, -2.55%
to "buy" from "hold," and upped his price target on the stock to $25 from $15, citing evidence of improved network business spending trends. Turits also upgraded fellow network security software maker NetScreen
nscn
to "buy" from "hold," and raised his price target to $30 from $19. He also raised his fiscal 2004 revenue and earnings forecasts for NetScreen to $318 million and 61 cents a share, respectively, from $300 million and 49 cents. Check Point is rallying 50 cents to $20.40 and NetScreen is gaining 57 cents to $25.50 in pre-open trading.

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